Neighboring towns each have unique market trends. Here's a snapshot of single family home stats from March 2018-March 2019:
What are the takeaways from this chart?
Its no surprise that Portland has the highest number of sales - the graph generally follows population size.
Scarborough can credit a new construction boom for some of their total sales - 43 sales were homes built in '17 & '18. That's more than double any of the other towns!
Median price points in Falmouth, Yarmouth & Cape Elizabeth are higher, but so are median days on market.
Are you living in your dream home now? Marsden Real Estate can help you downsize, upsize, or head to a new town!
A deeper look:
The towns with higher median sales prices also have a higher number of days on market, and generally a slightly lower list price to sales price ratio.
The new construction boom in Scarborough will continue with two major projects, which includes both single family homes and condos. Contact us for more details.